Presentation on theme: "Productivity Commission Peter Harris Chairman, Productivity Commission 29 May 2014."— Presentation transcript:
Productivity Commission Peter Harris Chairman, Productivity Commission 29 May 2014
Productivity Commission2 Contributions to growth in average incomes – same LP growth as last ‘decade’ Note: 1.3 per cent labour productivity growth and no contribution from foreign income flows assumed to 2022 Source: ABS cat. no. 5204.0, unpublished ABS data, Treasury calculations and PC calculations Same growth as 2000-2012
Productivity Commission3 Contributions to growth in average incomes – needed for long run GNI growth Note: No contribution from foreign income flows assumed to 2022. Long-run GNI growth of 2.3 per cent a year. Source: ABS cat. no. 5204.0, unpublished ABS data, Treasury calculations and PC calculations. Needed to preserve long-run GNI per capita growth
Productivity Commission4 Productivity in different sectors 1989-90 to 2012-13, index 1989-90=100 Manufacturing Financial and insurance services Utilities Mining Source: ABS (Estimates of Industry Multifactor Productivity, 2012-13, Dec 2013).
Productivity Commission5 Multifactor productivity growth in selected countries and regions Average annual growth rates, per cent Data source: The Conference Board Total Economy Database™, January 2014.
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